At a Glance
Average Property Price - WN2
£203,132
13
National percentile
Average Monthly Rent - WN
£734
15
National percentile
Average Net Household Income - WN2
£31,912
13
National percentile
Flat / Maisonette Yield - WN
6.3%
92
National percentile
10-Year Annualised Price Growth - WN2
5.4%
93
National percentile
10-Year Annualised Rent Growth - WN
4.3%
73
National percentile
Property Price & Volume Trends
The latest average property price in WN2 is £203,000, placing it well below the national average—among the cheapest quarters of the market nationally. Over the past decade, prices have grown at 5.4% annually, a notably strong performance that puts the area among the fastest-growing postcode districts in England. Transaction volumes have softened recently, with 544 sales in the latest full year compared to a 10-year average of 719, suggesting a quieter market than the longer-term trend.
Rent & Yield Trends
Average monthly rent across the broader WN postcode area stands at £734, significantly below the national average and among the most affordable rental markets in the country. Rental growth over the past decade has been solid at 4.3% annually, outpacing many regions. The current flat yield of 6.3% represents a healthy return compared to the 10-year average of 5.8%, indicating strengthening investment potential for landlords in recent years.
Income & Affordability Trends
Average household income in WN2 is £31,912, considerably below the national average and among the lowest nationally. The price-to-income ratio of 5.6x is moderate, though it has deteriorated since 2016 when it stood at 4.7x, reflecting that property price growth has outpaced income growth over the period. Rental affordability has remained stable, with the rent-to-income ratio holding at 21.6% compared to 21.5% in 2016, indicating rents have broadly kept pace with earnings.
Resident Demographic Profile
The age profile is fairly close to national norms overall, with a slightly elevated proportion of residents aged 50–64 at 20.5% versus the national average of 19.8%. Housing tenure shows a notable strength in owner-occupation with mortgage (31.1% vs 27.0% nationally), while private renting is below average at 17% against the national 21.7%. Employment is distinctly weighted towards trades (12.4%), elementary roles (12.3%), and plant/machine operation (11.3%), all materially above national levels, whereas professional occupations (13.9%) and managerial roles (9.7%) are substantially underrepresented.